Komatsu (KMTUY) Stock Rating Upgraded by Zacks Investment Research
Komatsu (OTCMKTS:KMTUY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “KOMATSU LTD., headquartered in Tokyo, Japan, is the world’s second largest manufacturer of earthmoving and construction machines, with annual revenues of 7,580 million euros (9.2 billion US$) and more than 30.000 employees worldwide. “
Several other equities analysts have also commented on KMTUY. ValuEngine raised Komatsu from a “strong sell” rating to a “sell” rating in a report on Saturday, December 1st. Goldman Sachs Group lowered Komatsu from a “buy” rating to a “neutral” rating in a report on Thursday, February 21st. Finally, JPMorgan Chase & Co. lowered Komatsu from an “overweight” rating to a “neutral” rating in a report on Tuesday, February 26th.
Komatsu Ltd. manufactures and sells construction, mining, and utility equipment worldwide. The company operates through three segments: Construction, Mining, and Utility Equipment; Retail Finance; and Industrial Machinery and Others. It offers construction and mining equipment, including electric rope shovels, continuous miners, hydraulic excavators, wheel loaders, bulldozers, motor graders, dump trucks, mini excavators, utility equipment, and other mining equipment.
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